Bullish KSE jumps over 33,000 psychological barrier

KARACHI: Strong bulls on Friday pulled the benchmark KSE-100 Index at Karachi Stock Exchange (KSE) and taking it across the psychological barrier of 33,000 points with a single day’s gain of 207 points.

The investors remained active right from the opening bells of today’s trade, contributing 207 points to the major index and a close at 33,324 points – a new record in Pakistan’s stock market history.

According to stock market experts, the investors are interested in taking fresh positions in the expectations of discount rate going further down as a result of a visible decline in inflation rate.

They said the stock market of Pakistan has earned the honour of being considered as one of the most successful markets of this region in 2014 during which investors booked over 25 percent profits.